Brian Grete

Observations from Day 1 of the eastern leg of Crop Tour.
Observations from Day 1 of the eastern leg of Crop Tour.
Crop Tour is a fact-finding mission with a goal of getting a strong, objective view of corn yield potential from one big field across seven states.
Corn, soybeans and wheat posted mild corrective gains overnight amid light short-covering ahead of USDA’s reports later this morning.
June 1 hog herd expanded 1.3% from year-ago, with the market hog inventory up 1.7%.
Soybeans and wheat are expected to open firmer, corn mixed.
While the acreage estimates will draw a lot of attention, quarterly stocks data has a history of producing major surprises, especially for corn.
Corn, soybeans and wheat held in tight ranges during the overnight session that saw two-sided trade.
Cash cattle prices surge to a record high last week.
Soybeans led a round of corrective gains in grain and soy futures during the overnight session.